Jim Cramer on Chevron: “I Am With It”

Chevron Corporation (NYSE:CVX) is one of the stocks on Jim Cramer’s radar. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

“I read that, I read that upgrade today, Chevron is win, Chevron is win. Why do we say this? Not just because Mike Wirth, he has put together, between Hess and Venezuela, an unbelievable combination. I like the new rating up today… we saw a recommendation. I am with it. I’m with Mike.”

Chevron (NYSE:CVX) engages in oil and gas exploration, production, refining, and transportation, while also producing petrochemicals, lubricants, and renewable fuels. During a July episode, a caller asked Cramer about the stock in light of its increasing dividends and the Hess acquisition. He replied:

“You were totally right. I’ve gotta tell you, they get that Hess deal closed, and you must own the stock. You know, Jeff and I have been talking… Jeff Marks, trying to figure out the energy sector. I think you’re onto something. Chevron will be a winner. Mike is a winner. I like your call…”

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Disclosure: None. This article is originally published at Insider Monkey.